Anyone know what's wrong with Gamuda? Has been dropping 12 cents yesterday and today again opening market with heavy selling?
Is it a good time to go in now?

Like what ppl say...whenever the price drop, it's a good time to buy more..

we always never know the bottom line...

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Since when its CEO selling his stake, it is going down the hill since then.

Personally won't touch on those shares that its CEO, MD or major shareholder is selling their stake in the company.
If they have confidence and view the company's future is bright, then why they are selling it?
They have more inside view of the company than everyone else.

Just my personal preference and opinion.

allow me to re-post this

do not catch a falling dagger.


@TopGunn
thanks for the news update.

so we keep and see 1st laaa

keep? i don't think so.

today is the worst. 2.4X......

the worst is not over yet.

the worse more will come...TG 1.80?

Thanks for all your advises. I think you guys are right. Don't catch a dropping dragger.
Wanted to go in at 2.60 this morning but after much consideration, withdraw back.

Thanks again all sifus.

Gamuda is the victim of Vietnam inflation crisis. So does BJland,SPSetia and Leader.

it rebound today

Gamuda is having problems due to its large scale of project in Vietnam. In fact most companies with ties to Vietnam is taking a big dive.

I would stay away from Gamuda for a while till the Vietnam stock market calms down.

good choice

price of things keep increasing from day to day. it will eventually have cost over run for various projects

tat y IOI start build and sell...

i dun un.
means if sell and build, developer can's transfer cost to consumers.
while vice, developer might transfer raise in costing to consumers by adjusting selling price during sales phase?

Yeah, developer now practicing the build first then sell are selling at higher price because the unit are practically there and ready for the owner to move in or a quick sell-off. This normally applies to apartments and condominiums where previously going for 150K¬200K are now migrating to 250K¬400K.

Another reason is the rising price of steel and cement. Since our PM is lifting up the price control, we can expect house prices to rocket in the future.

This is why it is profitable to invest in properties especially in Penang where land is limited.

Gamuda closed Rm2.58 -0.05..thanks to contra cut off

another record 2.22 hoho... american invester start pulling out from gamuda. anything to do with malaysia politic?

Gamuda falling like no BREK.. 2.11 noww

Gamuda announced 12.5% dividend payout on ex-date 16 July 2008.
http://announcements.bursamalaysia.com/EDM...93?OpenDocument

And investors are expecting privatisation deal from Gamuda.
http://biz.thestar.com.my/news/story.asp?f...24&sec=business

This post has been edited by digir: Jul 8 2008, 01:34 PM

Maybe we should figure out the amount this deal could come out to, and make a call accordingly? I still think there's time for a little consolidation of the price before the privatisation takes place. Tomorrow is T+3, so we should see a huge sell off on Thursday.

i would like to know how to see when is T+3?

Monday was T+1 when people started buying in. So obviously T+3 is 2 days later, and the selling pressure can be seen then and T+4.

Gamuda unaware of plans to take in private



Hmm, could this mean the end for GAMUDA's story, or could there be more coming?

wonder why gamuda is following transmile style of creating cheap news to push the share prices

Maybe because their substantial shareholders want to unload at better prices, so they let out a few rumours and the market take the bait.

Dato Lin has already disposed of his 70million shares before the rumour even surfaced. So, I don't think that it's shareholders making such rumours.

maybe another shareholder?

better start throwing ...... its going to go down

Well, maybe they have dismissed the rumour, but Gamuda at this price does seem attractive. With their NTA per share at RM1.50, the current price of RM2.49 and EPS of 22 sen in 2007, it is trading at only 1.66 P/B and a PE of 11.3. Their earnings of 22 sen in 2007 shows a ROI of 8.8%, which is good. This year though, we should be looking at EPS of around 16 sen. That is an ROI of 6.4%, which is still considered ok, with their earnings potentially higher when their project in Vietnam is completed in 3 years time. So, Gamuda is still very attractive as a privatisation target in my humble opinion

nothing happen today..

Gamuda close 2.61 yesterday highest 2.67
but it OPENS 2.48 today... Weird... anyone have any story about this?

GAMUDA paid their 2nd Interim dividend today of 12.5%
So (2.61-0.125)=2.48

Hi Jordy, thank you for ur reply but does tat mean

"we pay dividend to ourself" if im holding a gamuda share?

Huh? You mean you don't know how dividends work?
Dividends are paid out of a company's shareholder equity, so when that happens, the equity would shrink.
Therefore, it would be reflected in its share price.
Same goes for bonuses and splits.

but after awhile it will go up back..

At PE 11.3, it doesn't look cheap for a stock that almost all already known its profit will going to fall.

For construction stocks and properties stocks, their profit can fall quite drastically if market condition turns sour, a 30-40% drop in EPS is norm in difficult period. So at 11.3 previous year earning, its PE can easily go up near to high teen number if EPS fall more than 30-40%.

Jusy my opinion though. I never like construction, highly volatile, unpredicatable, and high political link (for some).
I prefer properties play.

The whole construction sector is bracing for a price increase this week or next ...

Yeah, I agree with you cherroy. That was why I mentioned that we would see the EPS for Gamuda at around 16 sen this year. That is a 28% decrease, which was in line with the industry norm. Volatile it may be, but the potential for increase in earnings is also huge. At current price of RM2.43, it is a nice ROI of 6.6%

Are you referring to the price of materials or the price of shares?

i bet before year end will hit my target price 2.00

Still at 16 cents, it implied around PE of 15, which is not cheap (just a fair value) by market standard or market average.
Genting is cheaper than that with PE around 13. Anyway, not fair to compare, as it is apple and orange if compared with different industry.

What I mean volatile is their financial report which can swing both way quite extreme depends on economy situation which eventually reflect on share price movement.
Sorry for the mis-understand part.

No doubt, it is hardly beaten stock but not without the reason. As there is not possible for share price to sustain at RM4-5 level with EPS of 16 cents. May be that's the reason why its MD sold his signficant stake of it because of overly rich valuation of share price at RM5 he saw.

You need improvement in economy situation eventually for construction industry for Gamuda to stage a return which in near term, highly unlikely. Some rebound in share price may be after being beaten hard, but not huge move. Anyway, this is across the board also, not only Gamuda.

Just my opinion though.

This post has been edited by cherroy: Jul 16 2008, 09:41 PM

I think if you want to buy as investment, gamuda is definitely out as there are a lot of uncertainties. y the CEO want to reduce his stake . Are you sure it is just because of valuation? PER to high?

Or there are some more othere issues. But for the CEO suddenly reducing the stack there must be something not right. Is very risky.

If compare Gamuda with other construction outfit, it is one of the highest traded stock with huge volume. If you can stomach the yoyo stock value in these unpredictable time, it is a good stock to profit on the rebound. A pity Malaysian stock we can sell short.

My view is what if it happened to be like transmile? The director eat money

My view is the same too, basically something not right with the company.

Because directors / large shareholder rarely dispose their shares in large stakes, because that will affects their reputation and investor's confident.

We have no clue why its MD wants to dispose his shares, even he didn't give propery reason (except he said for personal asset allocation issue) which it is up to anyone to speculate. Generally I don't want to comment on something that it is speculative or we have no clue what is happening, it is much fair, right?

But having said that, most of the time, whenever the company CEO or directors or substantial shareholders that involved in company management one are disposing their stake signficaintly in open market, it is better or advisable to stay out most of the time as they have the insight of company and they knew what is happening on the company businesses side and first hand information about the company future, (may be sometimes exceptional due to some special issue).

On the previous you qouted, I am just commenting based on share price alone, which at Rm5.00 even without its MD disposing his stake already a expensive stocks to be held.

But for sure, it is hard to see where the long term future currently, which is part of the reason why this stock swing so drastically because people have no way to evaluate it especially with construction sector might face a long winter. For trading buy, it is different story than for long term investment. For me, the most I can see it is a short term trading opportunities for time being because the big swing in share price. For traders, what you want is the huge price differentiation (price swing up and down) which enable to make money out of it. Staying at a range bound price, then for sure, traders and speculators have no way to gain from it for short term.

PS: Personally I never like construction stocks for really long term investment due to its nature of business. In fact I prefer properties stocks compared to construction stocks if really want to go in this sector. Just my preference and opinion, doesn't necessary right.

Well if you compare the construction indices for the past few weeks, it is growing as a market in whole with Gamuda leading the pack. It may not be a good long term stock but maybe we can profit a little here with some proper timing

the MD was disposing at Rm3.++ from the peak of 4-5...now the rate at 2.50+-..it depend how u rate the company...

Me too. Construction stock is out of my list. A lot of speculation.

after a jump from 2.3 to rm 3...now dropped 23c to 2.79...whats going on la with this stock....

take over tak jadi ka? heh heh..

This post has been edited by asambuffett: Aug 19 2008, 12:11 AM

Basically Gamuda is more on speculative play nowadays as the CEO already disposing his shares like what i mentioned before. So during uncertainties the stock price cannot hold ...

red against..

jia lat ~~~ should i throw it now ???

What is your intension to buy this stock in the first place? Invest for long term or speculate on the price.

If you speculate maybe you can throw now.

If you buy it for long term investment . Then why you want to throw it during price weakness?

I believe GAMUDA's privatisation by middle easterns is still in the cards. It has one of the best presence in middle east, building infrastructures and other developments with them. So, they can privatise and own the company's experience to gain themselves.
Therefore, you could still average on the price on weakness and wait for the news to be announced.
But the final decision is still up to you.

for long term also not very good:

http://www.reuters.com/finance/stocks/over...?symbol=GAMU.KL

For me Gamuda is certainly out of my list.

1. Uncertainties ahead (Why CEO sold off his shares)
2. Becos i don like construction stock.
3. Why the foreign fund is exit (FLMRCC) and Platinum is buying?

All seems suspicious ....

May i know why you say GAMUDA is not good?


If me, i will sell of GAMUDA to pick up some good stock. Thereare a lot of good stock selling at discount now....

This post has been edited by darkknight81: Aug 19 2008, 03:17 PM

any hint ??? wat is the biggest promotion now ?

this few day the share price drop. when will rise again?
what's the target price rite now?

No body know when it will rise my frend For you to buy that particular stock you must got your own target price. Don follow the target price in the magazine or analyst ... it is very misleading.... What if it cannot reach that TP? You will start panic

gamuda in 206 today~

looking at current situation, i ll revise gamuda target price to 1.20. Stock price is on a down trend, ALL stocks will go down (if u look at the mid term trend)

This post has been edited by Singh_Kalan: Sep 30 2008, 10:38 AM

WHAT does mid term trend means?

mid term (1-2years period). Check the stock price next year, u ll see the price ll be much lower than now. Most novice investor are trap by the down trend gyration (up down). Most down trends are not straight dive, its more of a UP-DOWN

206::??

This stock is a rubbish stock. The MD is dumping it already. Whoever go and hold this stock is like playing with fire.

Bro darkknight81,

You ever buy this stock? Look like frustrated when toking abt tis stock ........ calm down ........
Maybe tis stock will have some bright side right and is not worst than rubbish as you think

when MD dump..do u still think is good??..

If MD dump, yes cannot denied this stock is not good anymore. But other ppl may have different opinion for it. Like what other say greedy when people fear and fear when people greedy. Just my 2 sen.

You can go buy if you think it is good. I don stop you.
Don simply folo what ppl said "greedy when people fear and fear when people greedy'
sOME STOCK is not applicable. you got to use your common sense.

This post has been edited by darkknight81: Sep 30 2008, 03:09 PM

own desicion..own risk..

Bro,

"greedy when people fear and fear when people greedy' - Copyright from you? or you copy from somebody else? Or only you can use and other ppl cannot. Or people read it and can be use by all the people. Pls clarify.

What i mean is you got to use your own common sense to verify that the stock is worth or not
Not simply hentam... later worry like hell when it goes down....

Refer to aforestated, I just give my opinion and not saying I am "hentaming" it. In a nutshell, I just want to give my views and what I would like to emphasis is that we cannot view a stock just seeing what had happened recently/past or some omen that company faced. As people said, don't judge a book by its cover.

Is that GAMUDA is a high dividend counter? As i know that GAMUDA is giving quite high dividend at previous year......

and now the GAMUDA price so low...............

Its that valuable to buy some to earn dividend?

can any professional gives some comment ion GAMUDA?

too...

there's one existing GAMUDA discussion thread.

why not continue from there:-
http://forum.lowyat.net/index.php?showtopic=707856&hl=gamuda

Construction first one to kena in recession... quite unlikely to carry on the dividend...

This statement we need to interpret properly.

What is low? Compared to peak previous achieved? Then this definition low can be very misleading.

You look at a long term chart, Gamuda most of the time is range bound in 1.60 - 2.50 for this lastest 5 years. It only break out to 5.00 last year or so until recent plunging down.

With economy slowndown, construction is always on the front line to be experiencing the effect.

http://mt.m2day.org/2008/content/view/13675/84/

Becareful for any construction stock not only becos of recession but our politic

Sold my Gamuda at 1.93...enough for a nice meal at Chilli's for 2 person

i long term target 1.50...haha..

---

Added on October 14, 2008, 4:49 pm
Gamuda p/e now 20.56

This post has been edited by hanif444: Oct 14 2008, 04:49 PM

look's like the target price is going to be reached sooner than i expected. May need to revise it again to 1.00.

today closed at 1.5x....anyone join in some?

Started buying some today. But kept some bullets for averaging down.

Australia’s Platinum Investment ups Gamuda stake

KUALA LUMPUR: Australia-based Platinum Investment Management Ltd acquired 7.18m Gamuda Bhd shares on Nov 3, when the share price was near its 52-week low.

A filing with Bursa Malaysia showed the fund manager acquired the shares from the open market. The share price closed at RM1.65 on that day.

After the recent acquisition, its shareholding was increased to 179.17 million shares or 8.93%.

At the current trading price of RM1.86, the stock is trading at a historical price-to-earnings of 11.37 times.

Its 52-week low was RM1.25 on Nov 4 while its 52-week high was RM5.80 on Jan 14.

URL: http://biz.thestar.com.my/news/story.asp?f...45&sec=business

can buy at 1.50...now abit too risk..

Hi David83,
Can explain what the new's will do to the share price?
Thanks.

I follow Maybank investment guideline.
GAMUDA can go for trading BUY.

I bought 2000 units at 1.60 on 23 Nov, now it is 1,85.
Easy gain RM400-500 in a month time.

That's good. You really got it at a good price.

GAMUDA is actually recommended by many.... one of the projected top dividend yielders for '09.... if the price drops, will definitely go for this counter...

Just sold it today at 1.90.


Will buy again when it drops again.

congratulation

i would actually suggest you guys to look at WCT .. i think they might beg some project in Nusajaya

Gamuda Q1 net profit at RM55m

KUALA LUMPUR: Gamuda Bhd’s net profit in the first quarter ended Oct 31 was RM55.03mil versus RM88.06mil a year ago due to lower contribution from property and construction segments.

It announced on Wednesday that revenue was higher at RM614mil compared with RM482.4mil a year ago. Earnings per share were 2.74 sen compared with 4.43 sen.

URL: http://biz.thestar.com.my/news/story.asp?f...18&sec=business

How is Gamuda stock today ? Go up after the announcement ?